Home Consortium and PDG Corporation entered into a Memorandum of Understanding to collaborate on developing strategic healthcare and wellness precincts initially focused on Victorian opportunities and over time expanding into other Australian markets. The strategic partnership which will seek to develop world class precinct opportunities across the healthcare space, brings together the complementary skills and capability of two vibrant and innovative teams. The partnership will combine the financial, structuring and balance sheet strength of HomeCo with the PDG Corporation's world class design, development and delivery capability. The strategic alliance between HealthCo and PDG, aims to tap into the opportunity rich healthcare sub-sectors being targeted by HealthCo across childcare, aged care, primary medical, hospitals and life sciences. .E.K. Consulting conducted an extensive study into the health care property sector in Australia for HealthCo earlierthis year. The study identified at least $87bn of new investment is required for asset development across the five health and wellness sectors that comprise the diversified HealthCo model portfolio. This includes 72 emerging or planned Health Research and Innovation precincts around Australia of which 20 are in Victoria.